nigeria
Our company specializes in helping investors navigate the complex legal and regulatory landscape of African markets.
The Economy
Nigeria has the largest economy in Africa and is a middle-income country. It has a diverse economy which includes significant sectors such as oil and gas, telecommunications, banking, and agriculture. Nigeria is a major exporter of oil and petroleum products, with Oil and gas exports accounting for approximately 10% of Nigeria's GDP, 70% of the country's revenue, and more than 83% of the country's export earnings.
However, Nigeria's economy has been affected by its reliance on oil exports, making it vulnerable to changes in oil prices. Additionally, the country has faced significant challenges due to corruption and mismanagement, which has hampered economic development.
The Legal Business Structure
Foreign individuals and businesses who intend to establish businesses in Nigeria can use any of the legal structures available to Nigerian citizens, which is as mentioned above. It should be noted, however, that foreign investors may be subject to restrictions and regulations that do not apply to domestic investors.
The Companies and Allied Matters Act 2020 (CAMA) is the primary legislation governing company registration in Nigeria, with the Corporate Affairs Commission (CAC) serving as the regulatory authority. Apart from company registration, there are other regulatory requirements that must be met before any company can legally begin operations in Nigeria.
For more information on Nigeria Jurisdiction, download pdf
Download Nigeria